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#FuturesTrades August 2nd Thursday 2007 Trade Log

 

Russell 2000 Emini ER2 Futures

Today Month Year
No Trades +26.20 +2011.40
$0 $2,620 $201,140

Pattern Signals and Profit Targets

788.00 - 786.00

Profit Targets Only

784.80 - 781.80

No Trades

click on image to view actual size

 

Current Performance Record

Current WRB S/R Zone(s)

Profit/Loss Statement

 

General Chat Room/Log Info: The above points along with profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi) only and all trades were posted in realtime as shown in the below chat log.

Also, #FuturesTrades is free to any trader and I am the only trader in #FuturesTrades that represents TheStrategyLab.com

My main function in #FuturesTrades is to be the moderator and I use the chat room as more eyes on the markets to help prevent missing critical market info that have impact on my trades.

#FuturesTrades is not a signal calling chat room and all users are required to post at least one trade (real money or simulator) per day of use or participate in the market discussions.

  Lurking (not participating) in #FuturesTrades will not allow you to reach your trading goals nor will it answer your questions that you need answered to help with your trading. Therefore, it's to your benefit to participate in #FuturesTrades especially if your a struggling trader or a trader not reaching your profit goals. 

General Strategy Info: Although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based (no subjectivity) methodology that involves WRB Analysis.

In fact, many of my trades or profit targets will occur within key WRB support/resistance zones because these price areas gives me a better understanding of key changes in supply demand.

  Traditional pivot point analysis or traditional s/r levels are inadequate in understanding changes in supply/demand of the Russell 2000 Emini ER2 or any other trading instrument of today's markets in comparison to WRB Analysis.

WRB Analysis is also a key aspect in my use of intermarket analysis, market seasonal tendencies, volatility analysis and custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

Further, position size management is a key aspect of my trading and I trade any where between 1 to 9 contracts per trade depending upon the volatility, trade signal and seasonal tendencies.

All of my trades and commentary for today's market action (posted below) are via the user name NihabaAshi (Japanese Candlestick term) and I exclusively trade the Russell 2000 Emini ER2 futures even though I closely monitor other key markets in the world.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in realtime along with the trades of other members of #FuturesTrades.

Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

   
  #FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Session Start: Thu Aug 02 09:24:21 2007Session Ident: #futurestrades
* Now talking in #futurestrades09:24
<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
<PapaJon> gm all09:26
<NihabaAshi> Hi all, I won't be here trading today...taking the family to Montreal for the day to visit relatives.
Will also do some fun bike riding.09:27
Take care and good trading to all today.
<ripsboy> gm all...09:28
<PapaJon> Enjoy your family and your day Niha
<Brutus>  Long ES @ 1473 «« paper »» 09:30

Exited 1/2 ES Long @ 1474 --> + 1 «« paper »»
<base> GM traders09:32
<Brutus>  Exited 1/4 ES Long @ 1476 --> + 3 «« paper »» 09:34
<base> LOL, take a care Niha, enjoy. :)09:35
<NihabaAshi> By the way, the #FuturesTrades chat logs are updated @ http://www.thestrategylab.com/RecentTrad es.htm

Bye.
* NihabaAshi is now known as NihabaAshi_away
<Brutus>  Exited all ES Long @ 1476.25 --> + 3.25 «« paper »»
  
Trading Edge: 

Strategies

If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management with a money back guaranteed policy...click here.
   Trading Strategies ->   These strategies, from entry to exit,  will exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments via WRB Analysis: Emini Index Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) 
  
<Awash> good morning all09:41
<Brutus>  Shorts ES @ 1478.5 «« paper »» 09:43

Covered 1/2 ES Short @ 1447.5 --> + 31 «« paper »» 09:44

Covered 1/2 ES Short @ 1477.5 --> + 1 «« paper »»

Covered 1/4 ES Short @ 1476.75 --> + 1.75 «« paper »» 09:45

Covered all ES Short @ 1476.5 --> + 2 «« paper »» 09:46

1000/1400 Jun Factory Orders -0.5%09:51

1030/1430 Jul 20 US Energy Dept Natural Gas Inventory

Shorts ES @ 1478.75 «« paper »» 09:53

Covered 1/2 ES Short @ 1477.75 --> + 1 «« paper »»

Covered 1/4 ES Short @ 1477.25 --> + 1.5 «« paper »» 09:54
<werner> gm all
<szubaark> Nice trades Brutus09:55
<Brutus>  Covered all ES Short @ 1476.25 --> + 2.5 «« paper »»
thx, dont want chat to go dead today :)
<base> Anyway, nice trades. :)09:56
<Brutus> thx b
<ItalianSharp> today we are having a major drop in volatility10:00

guess i got spoiled over hte last couple of weeks...:))10:01
<Brutus>  Long ES @ 1473.25 «« paper »» 10:05
<intowin>  Long ES @ 784 10:06

er

exit stop set ES @ 783
<Brutus>  Exited 1/2 ES Long @ 1474.25 --> + 1 «« paper »»
Exited 1/4 ES Long @ 1473.25 --> 0 «« paper »»
Exited 1/4 ES Long @ 1474.25 --> + 1 «« paper »»
Exited all ES Long @ 1473.25 --> 0 «« paper »» 10:07
<intowin>  Exited all ES Long @ 783 --> - 1 10:09
<jperl> I'm done for now....trades here....10:23
http://charts.dacharts.com/2007-08-02/JP ERL_019.jpg
<Bambam-77> no posts today have isp problems on dial up have a great day everyone10:25
<doublejay> hi all10:30
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)10:58
<Brutus> Dax breaks LOD, up .4%11:12
* sep34 is now known as sep34_away11:32
<intowin> sorry to bounce in and out. thats sattelite internet with rain. can not even trade11:46
<Brutus> Whats your ping time/lag with Sat internet IT?
<intowin> very minimal not sure of exact but I get good executions11:47
<Brutus> ok
<intowin> just stinks whent he rain comes. complete unreliablity
<Brutus> Niha uses something like a packet analyser - notifys him of delays, packet loss etc You could use it for advanced warning of link failure, enter trades with trailing stops etc11:50
<intowin> hmm didnt know that existed. I figured failure was sudden11:51
<Brutus> no link will degrade first in few different ways. Dont know which ones will be detected at the computer level but my guess is most so give it a try.11:53
<intowin> thanks11:54
<Brutus>  Shorts ES @ 1476.5 «« paper »» 11:55

Covered 1/2 ES Short @ 1475.5 --> + 1 «« paper »» 11:57

Covered all ES Short @ 1476.5 --> 0 «« paper »»

4 lot position targets at 1, 1.5, 2+ after first is hit stop at BE11:59
<intowin> whats initial stop B?12:02
<Brutus> 1pt or may add if in a zone12:03

like now

Shorts ES @ 1478 «« paper »» 12:09

Covered 1/2 ES Short @ 1477.5 --> + 0.5 «« paper »» 12:10

Covered 1/4 ES Short @ 1477.5 --> + 0.5 «« paper »» 12:11

Covered all ES Short @ 1477 --> + 1 «« paper »» 12:12
<intowin> pretty strong run for noon12:13
<Brutus>  Shorts ES @ 1479.5 «« paper »» 12:14

hi risk

Covered 1/2 ES Short @ 1478.5 --> + 1 «« paper »» 12:15

Covered 1/4 ES Short @ 1478 --> + 1.5 «« paper »»

Covered all ES Short @ 1476 --> + 3.5 «« paper »» 12:20

http://www.elitetrader.com/vb/showthread .php?threadid=10034812:50

see post by Niha, cocaine, steve t, JH12:52
<Awash>  Long ES @ 1472.75 13:00
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)13:04
<Brutus>  Long ES @ 1469 «« paper »» 13:06
<Awash>  Exited all ES Long @ 1470.75 --> - 2
<Brutus>  Exited 1/2 ES Long @ 1470 --> + 1 «« paper »» 13:07
Exited 1/4 ES Long @ 1470.5 --> + 1.5 «« paper »» 13:08
Exited all ES Long @ 1471 --> + 2 «« paper »»
Shorts ES @ 1471.5 «« paper »» 13:09
Covered all ES Short @ 1471.5 --> 0 «« paper »» 13:10
Price did hit +113:11
<Awash>  Long ES @ 1471.75 13:18
<Brutus>  Shorts ES @ 1474.75 «« paper »» 13:34
Covered 1/2 ES Short @ 1473.75 --> + 1 «« paper »»
Covered 1/4 ES Short @ 1473.25 --> + 1.5 «« paper »»
Covered all ES Short @ 1472.75 --> + 2 «« paper »» 13:35
<base> Go Brutus, go! :)
<Brutus> thx B, this scalping is alot easier13:37
<base> You are doing very nice today.13:38
<Brutus> if you want a pdf book start a pm - on volume ananlysis etc I found it useful. Dont want to post it here.13:40
<Awash>  Long ES @ 1471 -> Add 13:50
<intowin> bonds not agreeing with this upmove13:57
<Awash>  Exited all ES Long @ 1473 --> + 3.25 13:58
  
WRB Analysis
  
<intowin> I say we end up but maybe another dip first
<Awash> my average was 1471.25, + 2.75
<intowin> nice13:59
<Awash> thanks14:00
* Awash is now known as Awash_lunch14:02
<intowin> got a song in my head. here comes the rain again..14:07

hmm I seem to be riding this shower out. no disconnect14:10
* sep34_away is now known as sep3414:18
<AusTrader00> so choppy.....this market.14:22
<base> AusTrader00: Good early morning. :)14:25
<intowin> call on pullback was right lets see if it bounces14:29

going long

Long ES @ 781.70

er

not the momentum I suspected14:36

out at 81

Exited all ES Long @ 781 --> - 0.7 14:37

778 needs to hold for a eod rally14:40
* szubaark is now known as szubaark_Away14:53
<intowin> last attempt s 782 tight stop14:55

just no up momentum

short ES @ 782

er

Covered all ES Short @ 783.5 --> - 1.5 15:08

still not convinced however15:09

done for the day..
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)15:10
<intowin> funny thing is I called for one last dip then a ralley and played against myself lol15:11
<AusTrader00> Hi Base... didn't see ya msg there :P15:42
how's the trading going?
* sep34 is now known as sep34_away15:43
<Brutus> Been a quiet day in here, Nihas away15:45
============ U.S. MARKETS ACTION ===========16:10
DJIA up 99.42 points to 13461.79
NASDAQ up 22.03 points to 2575.90
S&P 500 up 6.16 points to 1471.97
10-year T-note up 7/32 at 97 30/32 yield 4.763
NYMEX Spot Crude up $0.33 at $76.86/bbl at close
Dollar/Euro up 0.0031 at 1.3699
US STOCKS STAGE ANOTHER LATE RALLY16:11
Stocks are rallying again, at almost the same time that they did yesterday. The Dow Jones Industrial Average climbs more than 100 points, while the Nasdaq is up about 20. Shares are bolstered by bright profit reports from Nokia, Starbucks and Dow component Walt Disney, while a $4.4 billion deal helps offset worries about the credit climate. Twenty-six of the Dow's 30 components are rising, led by Honeywell, IBM, H-P,
<doublejay> end for today and relax... bye16:13
* Awash_lunch is now known as Awash16:28
<X>  #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY)17:13
* DisconnectedSession Close: Thu Aug 02 21:46:28 200721:46
  
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#FuturesTrades past logs can be searched via using Google. For example, pretend you want to research what has been said about volatility analysis. Go to the Google search window below and type in "volatility analysis" site:thestrategylab.com (exactly as I typed it including the quotation marks) and you will find everything associated with those key words that were used by any member of  #FuturesTrades.

  

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We are proud to say that our chat room members are from the following geographical areas in the world:

Argentina, Australia, Belgium, Brazil, Canada, Denmark, France, Germany, Greece, Hong Kong (China), Israel, Italy, Japan, Mexico, Portugal, Puerto Rico (U.S.), Saudi Arabia, Singapore, Spain, United States and Venezuela.

In addition, below are the trading instruments our chat room members monitor closely to make trade decisions:  

CME Emini Futures ES, NQ and ER2 

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX EC

Treasury Futures T-Notes ZN, ZF and T-Bonds ZB

Forex Currencies EurUsd, EurYen and UsdCdn

Exchange Traded Funds DIA, IWM, QQQQ, SPY, OIH, XLE and GLD  

NYMEX Energies Light Crude Oil CL, e-miNY QM and Natural Gas NG

COMEX Metals Gold GC

Hang Seng Index Futures HSI

Last of all, if you have any questions about any of the above commentary, specific trades et cetera...

Don't hesitate to ask your questions and we'll reply back as soon as possible.

Sincerely,

M.A. Perry and Associates

TheStrategyLab.com

 questions@thestrategylab.com

"The point of this whole exercise is to make money. Everything else is just conversation." --Jonathan Hoenig

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